Quiz Discussion

An automobile financier claims to be lending money at simple interest, but he includes the interest every six months for calculating the principal. If he is charging an interest of 10%, the effective rate of interest becomes:

• 1]

  10%

• 2]

  10.25%

• 3]

  10.5%

• 4]

  None Of These

A sum of Rs 1,550 was lent partly at 5% per annum and partly at 8% per annum simple interest. The total interest received after 3 years is Rs 300. Find the ratio of money lent at 5% to that at 8%?

• 1]

  6:5

• 2]

  5:6

• 3]

  15:16

• 4]

  16:15

A sum of Rs. 725 is lent in the beginning of a year at a certain rate of interest. After 8 months, a sum of Rs. 362.50 more is lent but at the rate twice the former. At the end of the year, Rs. 33.50 is earned as interest from both the loans. What was the original rate of interest?

• 1]

  3.6%

• 2]

  4.5%

• 3]

  5%

• 4]

  3.46%

A sum of Rs 12,500 amounts to Rs. 15,500 in the 4 years at the rate of simple interest. Find the rate percent

• 1]

  6%

• 2]

  7%

• 3]

  8%

• 4]

  9%

A sum of money lent out at simple interest amounts Rs 720 after 2 years and to Rs 1020 after a further period of 5 years. What is the sum ?

• 1]

  Rs 200

• 2]

  Rs 350

• 3]

  Rs 475

• 4]

  Rs 600

What will be the simple interest earned on an amount of Rs. 16,800 in 9 months at the rate of 6 1/4 % p.a ?

• 1]

  Rs. 787.50

• 2]

  Rs. 812.50

• 3]

   Rs. 860

• 4]

  Rs. 887.50

A sum fetched a total simple interest of Rs. 4016.25 at the rate of 9 p.c.p.a. in 5 years. What is the sum?

• 1]

  Rs. 4462.50

• 2]

  Rs. 8032.50

• 3]

  Rs. 8900

• 4]

  Rs. 8925

Divide Rs. 2379 into 3 parts, so that their amounts after 2,3 and 4 years respectively may be equal the rate of interest being 5% per annum at simple interest. The first part is 

• 1]

  Rs 759

• 2]

  Rs 792

• 3]

  Rs 818

• 4]

  Rs 828

The simple interest on Rs. 10 for 4 months at the rate of 3 paise per rupee per month

• 1]

  Rs. 3.60

• 2]

  Rs. 2.40

• 3]

  Rs. 1.60

• 4]

  Rs. 1.20

How much time will it take for an amount of Rs. 450 to yield Rs. 81 as interest at 4.5% per annum of simple interest?

• 1]

  3.5 years

• 2]

  4 years

• 3]

  4.5 years

• 4]

  5 years